Energy

Court jails man for vandalising JED transformer in Bauchi

A Bauchi State Upper Sharia Court sitting in Toro has sentenced one Julabib Muhammed to two years imprisonment for vandalising…

9 months ago

Oil prices fall after OPEC+ production hike

Oil prices slumped on Monday, May 5, 2025, after OPEC+ countries announced a sharp production increase. OPEC+ countries announced the…

9 months ago

‘We’ll avert power collapse’: FG vows to pay GenCos N4trn debt

The Federal Government has vowed to urgently address the N4 trillion debt crippling Nigeria’s power generation sector. This followed talks…

9 months ago

‘I’m taking well-deserved rest’: Mele Kyari denies EFCC arrest

The immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has debunked claims…

9 months ago

$3bn fraud: EFCC found N80bn in sacked NNPC refinery MD’s accounts, arrests 3 top officials

The Economic and Financial Crimes Commission (EFCC) has arrested the former managing directors and senior officials of the Port Harcourt…

9 months ago

Shell profit sinks 35% in Q1 2025 as oil prices fall

British energy giant Shell has reported a drop in its net profit in the first quarter of 2025 as the…

9 months ago

Ojulari sacks 3 NNPC refinery MDs

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has removed the Managing Directors…

9 months ago

Ojulari sacks over 200 NNPC officials

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has terminated the appointment of…

9 months ago

Oil price drops to $63.62/barrel, sets for biggest monthly fall in 3 years

Oil prices extended declines on Wednesday, April 30, 2025, and were set for their largest monthly drop in almost three…

9 months ago

Seplat generates N1.228trn revenue, profit hits N535.4bn in Q1 2025

Seplat Energy Plc has announced that its revenue increased to N1.228 trillion in the first quarter of 2025. Seplat, on…

9 months ago

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